Bitcoin News Today: Grayscale Files S-1 to Launch AVAX ETF on Nasdaq

Grayscale Investments has submitted a registration statement (S-1) to the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Avalanche Trust into a publicly traded exchange-traded fund (ETF), which will be listed on Nasdaq under the ticker symbol “AVAX” [1]. The proposed AVAX ETF would provide investors with direct exposure to Avalanche’s native token without the need to handle the token directly, potentially increasing liquidity and accessibility for both institutional and retail investors [2].

The fund will be custodied by Coinbase Custody Trust Company, with Coinbase Inc. providing additional support services, a move that aligns with Grayscale’s strategy to integrate institutional-grade infrastructure into its cryptocurrency investment products [3]. This arrangement is expected to enhance investor confidence due to Coinbase’s established reputation in digital asset custody and operations [4].

The AVAX ETF structure allows for continuous trading, with shares redeemable in-kind or in cash, depending on market and regulatory conditions [5]. Grayscale has not announced a specific launch date but has indicated a potential listing as early as 2026 [6]. This timeline aligns with recent developments in the crypto space, including the approval of spot Bitcoin ETFs in early 2024, which have set a regulatory precedent for similar products [7].

The filing reflects Grayscale’s broader initiative to transition its single-asset trusts into ETFs, a strategy that has been previously applied to Bitcoin and Ethereum. This move signals growing demand for regulated, liquid, and transparent investment vehicles in digital assets [8]. The proposed AVAX ETF also underscores the increasing interest from institutional investors in diversifying their portfolios with altcoins, particularly those with strong blockchain infrastructure like Avalanche [9].

The S-1 filing includes detailed operational and risk disclosures, emphasizing the fund’s objective to track the price of AVAX net of expenses [10]. The involvement of BNY Mellon as the administrator further reinforces the fund’s compliance with traditional financial standards and adds an additional layer of credibility to the offering.

As the SEC reviews the proposal, the approval of the AVAX ETF could lead to greater institutional participation in Avalanche’s ecosystem, potentially boosting the token’s market profile and liquidity. However, regulatory outcomes remain uncertain, as past applications have faced delays and scrutiny [5].

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Source:

[1] Grayscale Files S-1 For Spot Avalanche ETF With Ticker – Cointelegraph (https://cointelegraph.com/news/grayscale-files-spot-avalanche-etf-ticker-avax)

[2] Grayscale Files to Convert Avalanche Trust to Spot AVAX – AInvest (https://www.ainvest.com/news/grayscale-files-convert-avalanche-trust-spot-avax-etf-nasdaq-listing-2508/)

[3] Grayscale Seeks SEC Nod for Spot Avalanche ETF on – The Defiant (https://thedefiant.io/news/cefi/grayscale-seeks-sec-nod-spot-avalanche-etf-on-nasdaq-91a42e77)

[4] Grayscale Files S-1 With SEC to Launch Spot Avalanche – CryptoNinjas (https://www.cryptoninjas.net/news/grayscale-files-s-1-with-sec-to-launch-spot-avalanche-avax-etf-on-nasdaq/)

[5] S-1 – SEC.gov (https://www.sec.gov/Archives/edgar/data/2035053/0000950170****1074/ck0002035053-20250823.htm)

[6] Unlocking Altcoin Diversification – AInvest (https://www.ainvest.com/news/unlocking-altcoin-diversification-grayscale-avax-etf-bridges-institutional-infrastructure-regulatory-momentum-2508/)

[7] Grayscale Files To List Grayscale Avalanche Trust On – BanklessTimes (https://www.banklesstimes.com/articles/2025/08/25/grayscale-files-to-list-grayscale-avalanche-trust-on-nasdaq/)

[8] Grayscale Pushes for Avalanche ETF Listing on – Bitcoin.com News (https://news.bitcoin.com/grayscale-pushes-for-avalanche-etf-listing-on-nasdaq/)

[9] Grayscale has submitted an SEC S-1 to launch the – Cryptopolitan (https://www.cryptopolitan.com/grayscale-submitts-an-sec-s-1-for-avax/)

[10] Spot Avalanche ETF to Be Launched Under AVAX – Live Bitcoin News (https://www.livebitcoinnews.com/spot-avalanche-etf-to-be-launched-under-avax-grayscale-urges-sec-to-approve/)